Here, on how the Libs' first major budgetary choice has been to continue the Cons' dangerous pattern of chipping away at the federal government's fiscal capacity.
For further reading...
- Scott Clark and Peter DeVries have previously summarized the Cons' destructive revenue cuts and overall fiscal mismanagement. And Bruce Johnstone and Andrew Potter are among those who have pointed to the long-term elimination of fiscal capacity as a major part of the Cons' legacy.
- Meanwhile, the headline about the Libs' misnamed "middle class" tax shuffle features a $1.2 billion price tag due to the Libs' lumping in a reduction in the limit on tax-free savings accounts. But since the Libs planned (PDF) to make that TFSA change anyway, the real cost of barging ahead with the shift is the full $1.7 billion gap in income taxes.
- And finally, David MacDonald's alternative suggestions as to what the Libs could have done with any added revenue from the 1% are again worth a read.